Figures from US consulting group Trepp estimate that more than $US360 billion ($A347 billion) in debt is due to mature in the property sector this year and the total for the five-year period 2012-16 is nearly $US1.73 trillion.
In New York City alone, nearly $US70 billion worth of commercial mortgages that were bundled together and issued as collateral for bonds mature this year. It is expected to result in a rise in recapitalisations, refinancings and building sales...............................................Full Article: Source